One year later, however, that all changed when they announced a loss of £1,183.
When he joined the company early in 1974, American had just announced a $48 million loss for the previous year.
The company announced last month a preliminary 1988 loss of about $4.7 million.
The company announced a loss in excess of $60 million for the financial year up to 30 June 2008.
On Thursday, it announced a $752.9 million loss for the third quarter of this year.
Even now, they announce profits and losses all together in a group meeting.
Four months later, the company announced a loss of €37 million and that 90 staff would be made redundant.
It was the latest in a series of institutions to announce such losses.
In January, the company announced a fourth-quarter loss of $382 million.
On Friday it announced a huge third-quarter loss of $648.7 million.
